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For the pious anti gambling mob 14:20 - Mar 4 with 2823 views

I note that the 'You never see a poor bookie' adage has taken a bit of a knock this week with William Hills announcement of a £722m loss for 2018.

I will consider a conditional acceptance of an apology from the beeding hearts on here who were quite adamant that myself and others were just winning off other mug punters rather than gaining a certain degree of satisfaction of rinsing the bookies on a reasonably regular basis.

For the pious anti gambling mob on 14:35 - Mar 4 with 2787 views

rockinjk

So you think that’s because they’ve lost more to punters?

Mate, seriously?

It’s far more likely to do with lots of other factors e.g. new regulations, reducing revenue and going for growth

Stop kidding yourself, gambling IS a mugs game

For the pious anti gambling mob on 14:48 - Mar 4 with 2770 views

LeonWasGod

For the pious anti gambling mob on 14:35 - Mar 4 by rockinjk
So you think that’s because they’ve lost more to punters? Mate, seriously? It’s far more likely to do with lots of other factors e.g. new regulations, reducing revenue and going for growth Stop kidding yourself, gambling IS a mugs game

Looks that way - 10 second google:

"The bare figures announced for last year looked grim, with William Hill posting a statutory loss of £722 million, but that was down to a major write down of their betting shop business of nearly £883m prompted by the government's decision to reduce FOBT stakes to £2 and had been flagged up last year.

Adjusted operating profit was down by three per cent to £266.8m, in line with expectations, the bookmaker said, while revenue rose two per cent to £1.62 billion."

For the pious anti gambling mob on 14:53 - Mar 4 with 2763 views

rockinjk

For the pious anti gambling mob on 14:48 - Mar 4 by LeonWasGod

Barry?

For the pious anti gambling mob on 14:55 - Mar 4 with 2757 views

icecoldjack

For the pious anti gambling mob on 14:35 - Mar 4 by rockinjk
So you think that’s because they’ve lost more to punters? Mate, seriously? It’s far more likely to do with lots of other factors e.g. new regulations, reducing revenue and going for growth Stop kidding yourself, gambling IS a mugs game

Exactly.

Mugs game.

For the pious anti gambling mob on 15:08 - Mar 4 with 2733 views

JACKMANANDBOY

So.......one off costs as a result of regulatory changes aimed at reducing the very harmful effects of FOBTs.

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For the pious anti gambling mob on 15:11 - Mar 4 with 2732 views

LeonWasGod

For the pious anti gambling mob on 14:53 - Mar 4 by rockinjk
Barry?

Probably down the bookies!

For the pious anti gambling mob on 16:26 - Mar 4 with 2650 views

felixstowe_jack

Seems just an accounting dodge . Post a one downgrading of assets to show a loss of £780 million. This means that they can offset that loss against the next 4 years profits of £200 million a year, total £800 million saving themselves around £20 million in corporation tax for 4 years.

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For the pious anti gambling mob on 18:46 - Mar 4 with 2575 views

taffpunk

As we've discussed before on here, once the 2 pound max spin on the machines comes in, at least a third, maybe as many as half will definitely close.

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For the pious anti gambling mob on 19:58 - Mar 4 with 2530 views

rockinjk

For the pious anti gambling mob on 16:26 - Mar 4 by felixstowe_jack
Seems just an accounting dodge . Post a one downgrading of assets to show a loss of £780 million. This means that they can offset that loss against the next 4 years profits of £200 million a year, total £800 million saving themselves around £20 million in corporation tax for 4 years.

Yep, poor old Bazzer thought it was the punter beating the bookie

..... yeah

For the pious anti gambling mob on 20:21 - Mar 4 with 2503 views

dickythorpe

The profit and loss on my sky bet shows I made 2k profit last year.

Now if I'm making money........

For the pious anti gambling mob on 20:22 - Mar 4 with 2498 views

exiledclaseboy

This went well for the OP. Massive fail.

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For the pious anti gambling mob on 20:26 - Mar 4 with 2494 views

Dyfnant

For the pious anti gambling mob on 18:46 - Mar 4 by taffpunk
As we've discussed before on here, once the 2 pound max spin on the machines comes in, at least a third, maybe as many as half will definitely close.

Those machines & fruities should only be available in Casinos, regardless of potential job losses.

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For the pious anti gambling mob on 20:29 - Mar 4 with 2486 views

londonlisa2001

For the pious anti gambling mob on 16:26 - Mar 4 by felixstowe_jack
Seems just an accounting dodge . Post a one downgrading of assets to show a loss of £780 million. This means that they can offset that loss against the next 4 years profits of £200 million a year, total £800 million saving themselves around £20 million in corporation tax for 4 years.

Yeah, that’s not how it works.

For the pious anti gambling mob on 21:59 - Mar 4 with 2409 views

Pacemaker

A couple of months ago as part of my job I was given a tour of a very high end London casino in Mayfair and was given an explanation of how they fought and won a legal claim for failing to pay out to a punter. The subsequent ruling effectively changed the legal definition of theft.

The one thing that stuck in my head was how they knew the punter was cheating......”because we always win.”

Gambling should be seen as a form of entertainment, if you want to spend your hard earned on giving yourself a thrill on the basis that you may win occasionally then why not. But it should be treated as just that a form of entertainment like the cinema, theatre or going to watch the Swans.

Life is an adventure or nothing at all.

For the pious anti gambling mob on 22:15 - Mar 4 with 2391 views

lifelong

For the pious anti gambling mob on 21:59 - Mar 4 by Pacemaker

I agree.

I enjoy a game of poker and have been playing, occasionally, online for quite a few years. I have kept a record of how much spent and how much won and have done ok over quite a long period of time. I look at it as a source of enjoyment but it is easy to see how one with poor discipline could get addicted.

For the pious anti gambling mob on 22:22 - Mar 4 with 2375 views

rockinjk

For the pious anti gambling mob on 21:59 - Mar 4 by Pacemaker

Very good post.

I’m not into banning it and I’ve had a flutter once in a blue moon

However the plethora of adverts and wide spread gambling culture is a massive issue

For the pious anti gambling mob on 09:24 - Mar 5 with 2238 views

BarrySwan

I see

So we can put a £722m loss in 2018 down to the ( welcome) introduction of a £2 limit on FOBTs in April 2019?

[Post edited 5 Mar 2019 9:24]

For the pious anti gambling mob on 09:26 - Mar 5 with 2230 views

LeonWasGod

For the pious anti gambling mob on 09:24 - Mar 5 by BarrySwan
I see So we can put a £722m loss in 2018 down to the ( welcome) introduction of a £2 limit on FOBTs in April 2019? [Post edited 5 Mar 2019 9:24]

Yes.

For the pious anti gambling mob on 09:29 - Mar 5 with 2225 views

LeonWasGod

For the pious anti gambling mob on 21:59 - Mar 4 by Pacemaker

Good post. It's not my thing really apart from the occasional race day, but I don't see the problem with gambling as long as it's affordable and doesn't start to control people (e.g. either through addition or through illegal activities to try and scam the bookies - e.g. match fixing).

For the pious anti gambling mob on 12:19 - Mar 5 with 2166 views

Ebo

For the pious anti gambling mob on 20:22 - Mar 4 by exiledclaseboy
This went well for the OP. Massive fail.

I "bet" he won't reply either Andrew ;)

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For the pious anti gambling mob on 13:17 - Mar 5 with 2137 views

Yossarian

For the pious anti gambling mob on 14:55 - Mar 4 by icecoldjack
Exactly. Mugs game.

‘The pious anti-gambling mob’.....seriously there are some morons on this site.

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For the pious anti gambling mob on 14:56 - Mar 5 with 2097 views

BarrySwan

For the pious anti gambling mob on 12:19 - Mar 5 by Ebo
I "bet" he won't reply either Andrew ;)

With your usual superb sense of perception, observation and timing you're two posts too late I'm afraid.

For the pious anti gambling mob on 15:00 - Mar 5 with 2092 views

Ebo

For the pious anti gambling mob on 14:56 - Mar 5 by BarrySwan
With your usual superb sense of perception, observation and timing you're two posts too late I'm afraid.

Thought I'd gamble that's all.

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